Stifel Nicolaus Issues Positive Forecast for Semtech (NASDAQ:SMTC) Stock Price

Semtech (NASDAQ:SMTC) had its price target upped by Stifel Nicolaus from $80.00 to $90.00 in a research note released on Friday, MarketBeat reports. The firm currently has a buy rating on the semiconductor company’s stock.

Other equities analysts have also issued reports about the company. Robert W. Baird raised their price target on Semtech from $70.00 to $88.00 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. Wall Street Zen downgraded Semtech from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 10th. Morgan Stanley set a $67.00 target price on Semtech in a report on Tuesday, November 25th. Susquehanna increased their price target on shares of Semtech from $65.00 to $80.00 and gave the stock a “positive” rating in a report on Tuesday, November 18th. Finally, Benchmark raised their price objective on shares of Semtech from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Fifteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $79.21.

Semtech Trading Up 0.4%

Shares of Semtech stock opened at $77.56 on Friday. The stock has a market capitalization of $7.18 billion, a P/E ratio of 250.19 and a beta of 2.01. Semtech has a 52-week low of $24.05 and a 52-week high of $81.39. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43. The stock’s 50-day simple moving average is $73.41 and its 200 day simple moving average is $63.74.

Semtech (NASDAQ:SMTC) last posted its earnings results on Monday, November 24th. The semiconductor company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $266.97 million during the quarter, compared to the consensus estimate of $266.36 million. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company earned $0.26 earnings per share. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. As a group, research analysts anticipate that Semtech will post -0.02 EPS for the current year.

Insider Buying and Selling at Semtech

In other Semtech news, Director Gregory Michael Fischer sold 1,034 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $75.50, for a total value of $78,067.00. Following the completion of the transaction, the director owned 2,857 shares of the company’s stock, valued at $215,703.50. The trade was a 26.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark Lin sold 1,333 shares of Semtech stock in a transaction on Monday, January 5th. The stock was sold at an average price of $76.20, for a total transaction of $101,574.60. Following the sale, the chief financial officer directly owned 18,477 shares of the company’s stock, valued at $1,407,947.40. This represents a 6.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,967 shares of company stock valued at $895,103 over the last quarter. Company insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Semtech

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bessemer Group Inc. raised its holdings in shares of Semtech by 78.4% during the 2nd quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 287 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Semtech during the second quarter worth approximately $33,000. Hantz Financial Services Inc. raised its stake in shares of Semtech by 243.2% during the third quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 360 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in shares of Semtech in the 3rd quarter worth approximately $41,000. Finally, AlphaQuest LLC boosted its stake in shares of Semtech by 42.5% in the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 173 shares in the last quarter.

Semtech Company Profile

Semtech Corporation is a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms. The company’s products address a broad range of applications in the Internet of Things (IoT), data center and telecom, industrial, home automation, automotive, and aerospace markets. Semtech’s portfolio includes power management, signal integrity, protection devices, wireless and sensing technologies that enable smarter, more connected systems worldwide.

A core offering from Semtech is its LoRa® technology, a low-power, long-range wireless communication platform that has become a de facto standard for global IoT deployments.